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Plant-Based Meat Market By Source (Soy, Wheat, Pea, and Others), By Product Type (Burger Patties, Sausages, Strips & Nuggets, Meatballs, and Others), By Type (Beef, Chicken, Pork, Fish, and Others), By End-Users (HoReCa, Household/Retail), By Distribution Channel (Grocery Stores, Convenience Stores, Specialty Stores, Online Retail, and Restaurants): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Covid-19

Global Plant-Based Meat Market Size, Share

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Industry Insights

[195+ Pages Report]  According to the report published by Facts & Factors, the global plant-based meat market was valued at approximately USD 3.77 Billion in 2019 and is expected to generate revenue of around USD 9.43 Billion by end of 2026, growing at a CAGR of around 14% between 2020 and 2026.

logoGlobal Plant-based Meat Market: Overview     

Plant meat is an alternative to meat derived from plants, other non-animal products, which imitates the flavor of natural meat, texture, and other characteristics. These products are designed primarily as an effective alternative to pork, chicken meat, and beef. In Western countries, retail stores focus on the sale of these products in order to meet the growing vegan and vegetarian demand.

logoGlobal Plant-based Meat Market: Growth Factors

Plant-based meat is an alternative of meat derived from plants, other non-animal products, which imitates the flavor of natural meat, texture, and other characteristics. These products are designed primarily as an effective alternative to pork, chicken meat, and beef. Plant-based meat products, the sustainable solution to growing slaughter concerns. In Western countries, retail stores focus on the sale of these products in order to meet the growing vegan and vegetarian demand. Increasing awareness of animal rights and awareness among consumers through worldwide welfare organizations such as Animal Aid and PETA have encouraged people to adopt vegetarian diets to accelerate market growth.

Plant-Based Meat Market

logoGlobal Plant-based Meat Market: Segmentation

The market has been categorized into the source, product type, type, end-users, and distribution channel.  Based on the type of source, the market is classified into wheat, soy, and pea, among others. The product types are categorized into burger patties, sausages, strips & nuggets, and meatballs, among others. In terms of type, the industry is bifurcated into fish, pork, chicken, and beef among others. The end users of the market are HoReCa and household/retail. The product is available through various distribution channels such as convenience stores, grocery stores, online retail, specialty stores, and restaurants. Geographically, the global plant-based meat market is segmented as North America, Europe, Middle East, Asia-Pacific, Latin America, and Middle East & Africa.  

logoGlobal Plant-based Meat Market: Regional Analysis

In 2019, the European market holds the largest market share. In Europe, growing vegan trends, particularly in the UK, leads the plant-based meat products. Moreover, the North America region is backed by start-ups such as Beyond Meat, and Impossible Foods Inc.  In Asia Pacific, plant-based foodstuffs are gaining popularity as consumers are concerned about healthy lifestyles. In addition, demand for vegetable-based meat products is expected to increase in the coming years due to the rising public health concerns in relation to animal protein sources, ethical concerns, and environmental concerns.

logoGlobal Plant-based Meat Market: Competitive Players

Some main participants of the plant-based meat market are Beyond Meat Inc.,  Royal Wessanen, Maple Leaf Foods Inc., Tyson Foods Inc., Nestle S.A., Marfrig Global Foods S.A., Pinnacle Foods Inc, MorningStar Farms, Impossible Foods Inc., Orkla Foods, Sunfed Ltd., Quorn Foods, Amy’s Kitchen, and VBites Food Limited among others.

logoPlant-based Meat Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Covid-19

Plant-Based Meat Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Royal Wessanen
  • Maple Leaf Foods Inc.
  • Tyson Foods Inc.
  • Nestle S.A.
  • Marfrig Global Foods S.A.
  • Pinnacle Foods Inc
  • MorningStar Farms
  • Impossible Foods Inc.
  • Orkla Foods
  • Sunfed Ltd.
  • Quorn Foods
  • Amy’s Kitchen
  • VBites Food Limited

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Plant-Based Meat Market.
According to Facts and Factors research report, the global Plant-Based Meat Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Plant-Based Meat Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Plant-Based Meat Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Plant-Based Meat Market in North America over coming decade.
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